What's going on? guys, welcome back to the channel. appreciate you tuning in. Figure I'd Hop on this morning and we would go through a morning analysis together. So let's get into it.

Uh, last week, call it. we got a buy signal right here with the break over the 50 SMA and the 10 Crossing above the 50. SMA At that point, the market essentially goes into an uptrend or an attempted bullish move. Just like you see here when we get through the 50, we pop.

Same concept here. We fell below, it started chopping it, break up, push, so tracking the 50 SMA is generally a good good starting point. Kind of. same thing here.

you break below the 50. Market falls apart, pushes back to the 50, holds below, breaks out back to the 50 little chop over under, over under, and gone again. So again, following the 50s of me there on an open I low closed chart is a good thing. To do.

An open high low close means there's no pre-market or no after hours data. So that's why you see all these gaps in the chart because it's specifically taking out any of the after hours trading activity from Market close all the way to a market open. So jumping back into the chart essentially the market is bullish over the 50 and will not have a new bearish move until it's under the 50.. Okay, so the day at which we start to break this 50 SMA and get some selling pressure, that's the day where a short trade will have what will have follow-through generally speaking.

so you know, like this day, uh, just two days ago or whatnot. we kind of pull back all afternoon following day. we retrace yesterday. We didn't.

really. You see how yesterday this leg did not break down. Okay, you notice how we just pushed up and then rolled and then bottomed? Well, thinking about it like this would be, we're over the 50 SMA So it's not bearish yet. Not that this couldn't have rolled over broke.

the 15 gotten bearish. Sure. But the concept is is once the market is below the 50 SMA That's where selling pressure tends to come in and you get these secondary leg down moves All right. When you're over the 50, you're bullish and you're in a dip by market until the 50 SMA breaks and then selling generally has follow through.

Okay, so all of these pullbacks are essentially counter Trend pullbacks in an uptrend until we get over that or get below the 50. SMA All right, Number two, the market moves in deviation. So again, right now, we're in the plus One deviation Zone All right. Just like this, here's the half deviation.

Here's plus one, half, plus one, etc. etc. This is the mean zero line. So essentially the market is trading in the plus One resistance Zone That is also why you're starting to see some of these stronger pullbacks in this area.

That's because we're in the Plus One statistical probability Zone If we were to put this chart on say like 180 day chart and you look back, you can see it's a very common spot for the markets to have resistance so you can see plus one. that's plus one. This whole line here is plus one or well I kind of got off track there at the MBS This whole line is plus one deviation. Okay, so you can see a marketer is a plus one resistance plus one resistance, a little through, then back under a little through, back under big sell-off back to plus one big pullback back to plus one pull back back to plus one a little over pull back Big blast off Trading over plus one back under plus one down back to plus one down plus one plus one plus one plus one down plus one down plus one down plus one down plus one.

You get the point. So we're trading in the plus one statistical probability Uh, resistance Zone Okay and give or take here, but it's about seventy percent of the time the market is going to trade within one standard deviation of the mean. Okay, so this zero line is the mean meaning the Midway in the market seventy percent of the time will trade with inside one standard deviation of the mean and the mean is the zero line meaning seventy percent of the time the market is going to be in between that yellow and this yellow general. Or yeah, I mean even excuse me all the way down to this yellow.

So this yellow down here and this yellow. So seventy percent of the time the marker is going to be with inside that Channel And only when something really ridiculous happens will we go outside of that channel. like for example, a market crash right where. Oh, they're not calculating that far back, but on a market crash like down here, we're trading negative three kind of thing.

All right. So that's first and foremost markets in an uptrend, and there's not a whole lot of long bias activity we're looking for right now. Uh, considering we're trading at Plus One, whenever we get the plus one, we're always pretty much kind of on the like the the tail end of the long move, so we're kind of just sitting back. not too crazy about the long side right now, only because we have broken uh into the plus one and that generally tends to be some resistance.

Next, we're going to run through the spy on trading View and look at Anchored View apps. Now pretty much the bounce that occurred just the other day. All right, if you're looking at the trading day from past two days or so and you're looking at this bounce, the reason for that bounce at least for me for what I look at and there could very well be another moving average that someone has on the chart and it's bouncing there and so on so forth and that's entirely, uh, accurate. But for me I look at, um, some volume weight average prices.

So I'm just going to go from the start of this, go all the way back to here. and if you guys remember, just a few minutes back, we were talking about the Buy Signal on the Spy right there. All right. So when we get a buy signal again, what I'll do is I'll anchor V-waps to the Buy Signal location which would be that and that will become my volume weighted average price.

Dip by line on the way up so you can see this Market pushes up where's the pullback do pretty much into that V web. It shied it by about 30 cents, but we pretty much tagged it right. so that would be the first long dip, buy right there and then following day leads to a gigantic Gap up. All right, and then we run.

Well you'd be saying yourself, well it does this become the support Then right, it's Are we waiting for the next dip Buy in there? No, not necessarily. And this is why if we get a Buy Signal here and then we anchor our view app and we're waiting for the V web tag to get in Long right? And so we push up Market tags and view app. It's like oh beautiful. Now we're gonna get in line right and then the following day we Gap up we're no longer expecting this to be the next immediate follow-through support.

and partly the reason because or probably the reason why is because we have a lot of volume that came in here off the original buy point. So this is the original buy. Now we're tracking the volume of that buy, which gives us a V web by here. Now when everyone buys off here, we're anchoring a New View app to here to get our next view app.

By which now becomes obviously this line All right. And where does that come in here? And then the opposite leads to another little one there. double bottom. All right, Because you know this is the original buy.

all the volume comes in. This becomes the next level based on this volume, right? And now this view app. that volume becomes the next dip by which is here. So this buy Point all the way down here dictated these buy points right here.

Okay, so what we're doing is we're basically following this level as support right now, which is like 426.50 somewhere there. That's well, excuse me. No, we're not. My apologies, we're actually watching this.

My my bad. So you know, when we get our first balance, we'd really be kind of tagging right around here. Oh, I'm just gonna populate there. There you go, All right.

So we'd be tagging like that. Okay, and you can see the following day right? What do we do? Most of the candles hold this view up, couple little dips below and back on. Right now, we will be V-wapping like this one here. Maybe weapon like right around here? Okay, and then this would arguably be our next one.

and this one you could even maybe do to the open right? 426.87 So if we put this on the open, um, uh, this? okay, you can get it onto it. but most of the time I'm generally doing low, so we're going to go back to that anyways. All right. So now the reality is like this is our new little mini momentum Trend where we could expect some support.

So right now support would generally be like 427.33 and since that already kind of tagged, you could start building the case that we have a new one. Etc Um, but right now this is where it gets a little more complicated as opposed to just clean tags and goes. So taking away all these smaller V webs, we're not confusing anyone. Let's take those off.

This is really what's going on. This is our Buy Signal V web. So when the market gets below this level, there's going to be a big shift in momentum down. Okay, right now the momentum can start to shift below the 50.

SMA Remember the red line? so the 50 SMA is right here. Okay, so that's one. Just in general, the computers will start to read bearish and start trying to flip on a new selling algorithms because that's the 50 SMA over its bullish under its bearish. Okay, number two, the continuation view up here, right? That's where we're at right now.

So there's volume that's coming in here and here. So we know that this becomes a volume shelf right? so you could look at the chart and go, oh well, people bought here. So I know that if it breaks this then it can go down a little bit. Sure, but we're kind of a step ahead of that because we knew to Anchor The View app here creating a level where we knew we should be buying right? So we didn't put volume in the market because we saw buying per se.

We start to put volume in the market there because we know based off of the Buy Signal previous V web tag tracking the new volume of the new buy, it sets it somewhere in this area so we could kind of expect there's going to be some attempt at bounce in the market and if it works, it's going to look something like that. So we have this first little volume shelf support. So therefore once we get through this, the volume will immediately wash this and go down generally to the next one and then once we get through here since that's the original, so most of the volume and Algos are kind of tracking into this. Zone That's where the big shift can happen down.

So for now we're just long On the upside theoretically because we haven't broken this 50 SMA once we start to break the 50 SMA That's where we can start talking a little bit more about. um, you know if we're going to shift down a little more or some new bearish moves and things like that. but for now we're just going to be watching um, you know for the progression of whether we continue up off some View apps or if we're going to be breaking the 50 SMA and then the last little bit I'll talk to you guys on this video is Bitcoin All right. So um, bottom line, you know we talked about this months back, right? So basically we started mentioning Bitcoin and kind of like re-talking about it on this channel I Know we've had this pump but pretty much back here like when we were coming like right about there.

That's when I started to mention this again and pretty much what we did was, came on, saw the market pumping and basically told everyone that the all-time high anchor V apps for Bitcoin are coming in to play right here. So therefore, you're not going to be long biased anymore. You're going to see Resistance right into this Red View app. Zone We shied it a little bit, but pretty much tagged it in the grand schema thing.

So down, coming into Resistance, this is where you're going to see resistance when the market in Bitcoin breaks out 32 000. That's when you're going to see or have a high probability of it going up to the price of about 43 to 44 000. Okay, but right now, that's not really in the realm of possibilities because we're below the all-time high anchor view app. So until we get above is 32 000 area, we don't really open the door for 44 000.

all right. Now if we look at the all-time high anchor V web downtrend and the most recent Market low uptrend which was starting here and a couple V-wap tags. So you see how we have this view app and it's tagging this one and you know you see that I'm doing the same thing here. we have the market low, then we have the breakup and we get the View app tag and now we're anchoring this one all right.

So same concept you can see. We're on the continuation view up so ready, push up and do an uptrend. so we go over the 50, creates an uptrend, pull back gets our first V web tag. Same kind of concept here.

we're Market absolute low. This is where we break up. start an uptrend anchor review app. pulls back tags it right.

Break up, start an uptrend, pulls back tags it. break up. starting up for him, pulls back tags it. Then we anchor a New View app and that gives us the next one up right there.

All right. We anchor the V web up and that gives us the next one which is right there. just a bigger scale. Okay, so same concept.

yeah, getting remote to charge All right. So ideally right now Bitcoin is on a small. let me call it small but just in general current support right? So if you look at the market, what do we do? We came down and tagged the V web at 25 283 right in this area. So this is pretty much where the View app's at.

right there. That purple line it down a little bit trying and whatever. All right. Now if you go look at yesterday's price action, look at what happens right when you get into right when you get into that that view app.

All right. We got pretty close on that perfect tag. but that was that that purple line That was the first test of that volume. weighted average price weekly V web and look at the gigantic run.

you get off of it right there. I Mean proof is in the pudding as they would say. So all right. same concept here.

All right. This is where the V webs at on the Spy. So we'll put the view up here. all right.

And then we know that if we run a continuation view app off this low and that view app comes in like right here. All right. So if you go, look at yesterday's or past couple days five minute chart here on Spy, All right this is where that V web comes in that purple line little below it and then ramps up okay and then the following day that view app will come into play right here. Bottom push Wick a little below it and then ramps up.

Okay so this is where our view app long spot would have been over the past couple days here. Not what if it is I mean here here and just does that zone. That's where our little that's where our that's where our view app belongs would be starting here and here. Pretty impressive right? That's all right, it's cool.

So anyways, that being said guys, uh, nothing more for today. Everyone take care and have a great day.